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Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
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Crypto of the Day App Gauges Investor Sentiment and Market Trends
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Lots of Building on BCH as Bitcoin.com’s REST Layer Sees Millions of Requests Over the last year, Bitcoin.com has released a robust Bitcoin Cash (BCH) developer platform loaded with programming tools like Bitbox as well as the newly launched Badger and SLP tool kits. In addition ...
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Reno, Nevada-based blockchain company Filament is working with the University of Nevada, Reno, to research autonomous vehicle technology. The research is intended to help develop new standards for the internet of things as it relates to self-driving vehicles.
New York Times writer Nathaniel Popper discusses how bitcoin is currently being used, who is using it, and how the technology will eventually fit into the lives of everyday people. |
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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
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